NZD/USD Remains Under Pressure, Eyes on FOMC Minutes

        0432 GMT [Dow Jones] The NZD/USD remains under pressure, trading at 0.8561 versus 0.8620 late Tuesday in New Zealand. "Basically it's just a continuation of what we saw yesterday. There is weaker Australian data coupled with the fall in the milk price overnight," says Murray Hindley, foreign exchange manager at ANZ Bank. "Australasians have lost their shine," he adds. Among other things, a sharp drop in Aussie consumer confidence and sluggish wage growth has weighed on the Australian dollar. Hindley notes equity markets were also weaker and that's adding to the poor sentiment. Investors will be watching for FOMC minutes and a raft of Fed speakers, including Fed Chair Yellen, later in the global trading day. (rebecca.howard@wsj.com; Twitter: @FarroHoward)
        (END) Dow Jones Newswires

        May 21, 2014 00:32 ET (04:32 GMT)